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Ministry keeps new CSR amendments on hold

  • Posted byBSE Sammaan
  • AtAug 18, 2019
  • LocationIndia

All other provisions other than CSR in recently enacted law put into effect Corporate India may have cause for cheer as regards the proposed onerous CSR provisions.

All other provisions other than CSR in recently enacted law put into effect

Corporate India may have cause for cheer as regards the proposed onerous CSR provisions. This is because the Corporate Affairs Ministry (MCA) has refrained from putting into effect the controversial CSR amendments in the recently enacted Companies (amendment) Act 2019 while going ahead with implementation of all other provisions in the amendment law.

By keeping the implementation of Section 21 (amendments to the CSR provisions in Companies Act 2013) in abeyance, the government has restored status quo ante as regards CSR provisions, say company law experts.

To read more please click on : https://www.thehindubusinessline.com/economy/policy/ministry-keeps-new-csr-amendments-in-abeyance/article29127073.ece/amp/